Six Men Sentenced for Roles in $20M COVID-19 Relief Fraud Ring
Six Texas men were sentenced a few days ago for their roles in a conspiracy to fraudulently obtain more than $20 million in forgivable Paycheck Protection Program (PPP) loans that the Small Business Administration (SBA) guaranteed under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
Hamza Abbas, 31, Ammas Uddin, 31, and Arham Uddin, 27, all of Richmond, were...
Doctor Convicted of $2.8M Medicare Fraud Scheme
A federal jury convicted a California man yesterday for his role in a scheme to defraud Medicare by billing $2.8 million for hospice services that patients did not need.
According to court documents and evidence presented at trial, Dr. John Thropay, 74, of Arcadia, was the medical director of several hospice companies, including Blue Sky Hospice Inc. located in Van...
Two Individuals Convicted for $11M COVID-19 Relief Fraud Scheme
A federal jury in Atlanta convicted a Georgia man and woman yesterday for their roles in an over $11 million Paycheck Protection Program (PPP) fraud scheme.
Teldrin Foster, 42, of Decatur, was convicted of bank fraud, wire fraud, conspiracy to commit bank fraud and wire fraud, false statements to a federally insured financial institution, and money laundering in connection with...
Founder of $1.7 Billion “HyperFund” Crypto Pyramid Scheme and Top Promoter Charged with Fraud
Promoter Brenda Chunga (aka Bitcoin Beautee) agrees to settle fraud and unregistered offering charges
Washington D.C., Jan. 29, 2024 — The Securities and Exchange Commission this week charged Xue Lee (aka Sam Lee) and Brenda Chunga (aka Bitcoin Beautee) for their involvement in a fraudulent crypto asset pyramid scheme known as HyperFund that raised more than $1.7 billion from investors...
Founder of American Bitcoin Academy Online Crypto Course Charged with Fraud Targeting Students
Defendant claimed his hedge fund would use sophisticated tools like artificial intelligence to generate returns
Washington D.C., Feb. 2, 2024 — The Securities and Exchange Commission this week announced that Brian Sewell and his company, Rockwell Capital Management, agreed to settle fraud charges in connection with a scheme that targeted students taking Sewell’s online crypto trading course known as the...
FTC anuncia normativa para combatir fraude en compra y alquiler de vehículos
https://youtu.be/BsPQ4iynaBA
Featured image: by Got Credit.
FTC expande campaña informativa antifraude a una decena de idiomas
https://youtu.be/uud_agtYrlc
Featured image: by Got Credit.
Alerta por campañas de criptofraude en España difundidas en X
Los Ángeles (CA) – La Comisión Nacional del Mercado de Valores (CNMV) de España tiene en el punto de mira a una serie de campañas publicitarias distribuidas a través de X, anteriormente conocida como Twitter, que pretenden estafar a los consumidores con suculentas inversiones en criptomoneda.
Los anuncios publicados en la red social explotan la imagen y el nombre de...
Former co-CEOs of CA tech startup charged with fraud
Washington D.C. — The Securities and Exchange Commission this week announced charges against Jake Soberal and Irma Olguin, Jr., the former co-CEOs of Fresno, California-based private technology services startup Bitwise Industries Inc., for misleading investors about the company’s finances. Soberal and Olguin have agreed to resolve the charges against them.
The SEC’s complaint alleges that Soberal and Olguin made material...
Four Long Island men charged with $2M “free-riding” scheme
Washington D.C. — The Securities and Exchange Commission has announced fraud charges against Eduardo Hernandez, Christopher Flagg, Daquan Lloyd, and Corey Ortiz, all currently or formerly of Long Island, New York, for perpetrating a multi-year “free-riding” scheme that generated more than $2 million in illicit profits.
The SEC alleges that, from approximately November 2018 through January 2022, the defendants opened...